Cincinnati, OH Real Estate Insights

Cincinnati has recently earned its place in the spotlight as a city for entrepreneurship and small business growth, prompting young professionals to consider Cincy as a spot to settle post-graduation. But locals stay for more than just jobs. Between nationwide famous chili and one of the first symphonies in the nation - Cincinnati Symphony Orchestra - culinary delights and entertainment do not run short in The Queen City. Outdoor enthusiasts can appreciate the seven hills that surround Cincy, including Fairmount, Mount Adams, Mount Harrison, Mount Auburn, Walnut Hills, Fairview Heights and Clifton Heights. Green landscape both inside and outside the cityscape provides Cincinnati with 29.52 percent tree canopy coverage, making it the perfect haven for urbanites with green thumbs. And while Cincinnati has seen a surge of millennials in recent years, the median age is 38 and the median age of homeowners is 57.5 years old, proving Cincinnati appeals to a wide-range of individuals. In terms of job growth and economy, the median income level in Cincy is $48,032.

Cincy's job growth is unrivaled, but the wage levels might not seem high enough to sustain the cost of living. However, the average list price in 2015 was just $183,646, far below the national average of $336,717 for metros with a population under 2.1 million. Keep in mind, home values are growing in Cincy, with a year-over-year average list price increase of 18.17 percent. So buyers can access property in Cincinnati at affordable rates while entering an emergent market that's likely to provide long-term returns.